https://www.taxtmi.com/highlights?id=74209 Scope of rectification u/s. 154 - The issue of disallowance u/s. 40A(3) and prior period expenses are beyond the scope of rectification u/s. 154 of the Act when the Ld.AO has thoughtfully considered these expenses and has made an ad-hoc disallowance of 10% while framing the original assessment. - AT en-us Tue, 16 Jan 2024 08:33:39 +0530 Tue, 16 Jan 2024 08:33:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=74209 Scope of rectification u/s. 154 - The issue of disallowance u/s. 40A(3) and prior period expenses are beyond the scope of rectification u/s. 154 of the Act when the Ld.AO has thoughtfully considered these expenses and has made an ad-hoc disallowance of 10% while framing the original assessment. - AT Highlights Income Tax Tue, 16 Jan 2024 08:33:39 +0530 https://www.taxtmi.com/highlights?id=74209